Property Overview: 1136 College Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, sits on a standard 3,644 sqft lot in the Burrows Central neighbourhood. With 1,074 sqft of living space, a detached garage, and an unrenovated basement, it presents a straightforward, functional layout. The home’s primary appeal lies in its solid positioning within its immediate context. It recently sold for $310,000, a price that ranks well above average for both its street and neighbourhood, indicating strong perceived value in this specific location. The assessed value, however, is notably low compared to the citywide average, which may reflect the area’s character more than the property itself.
This property would suit a practical buyer looking for a home in a well-established, no-frills community. It’s ideal for a first-time homeowner comfortable with a property that has retained its original basement condition, or an investor seeking a land-value proposition in a neighbourhood where sale prices are trending strongly. The data suggests its value is deeply tied to its micro-location on College Avenue, making it less about the features of the house itself and more about securing a position in a specific, in-demand local market.
Frequently Asked Questions
Q: The sale price seems high relative to the assessed value. Why is that?
A: This is common and reflects different valuation methods. The assessed value is for tax purposes and often lags behind the dynamic real estate market. The sale price is determined by what buyers are currently willing to pay for a home in this specific location, which the data shows is a premium area within Burrows Central.
Q: What does the "unrenovated basement" typically imply?
A: It likely means the basement is in its original, functional state—finished or partially finished, but not updated. It offers usable space and storage but presents a clear opportunity for future modernization to add value and living area.
Q: How does the lot size compare?
A: The lot is slightly below the citywide average but is actually above average for the Burrows Central neighbourhood. This means you get a standard, manageable yard size that is typical and desirable for the area.
Q: The home is older. Should I be concerned?
A: Built in 1947, it is actually newer than many homes on its street and in the neighbourhood. While older homes require diligent maintenance, its age is a relative strength in this context, potentially indicating more modern construction materials and systems than immediate neighbours.
Q: What does the sale price ranking tell me?
A: Ranking in the top 4% for sale price on its street and in the neighbourhood indicates that this property was one of the more valuable sales in the area recently. This can signal a strong, desirable micro-location or specific property attributes that local buyers highly value.